S.Amdt. 2075

SA 2075. Mr. PORTMAN (for himself and Ms. Stabenow) submitted an amendment intended to be proposed by him to the bill H.R. 2146, to amend the Internal Revenue Code of 1986 to allow Federal law enforcement officers, firefighters, and air traffic controllers to make penalty-free withdrawals from governmental plans after age 50, and for other purposes; which was ordered to lie on the table; as follows:

Beginning on page 25, strike line 18, and all that follows through page 26, line 16, and insert the following:

(11) Currency manipulation.--The principal negotiating objective of the United States with respect to unfair currency exchange practices is to target protracted large-scale intervention in one direction in the exchange markets by a party to a trade agreement to gain an unfair competitive advantage in trade over other parties to the agreement, by establishing strong and enforceable rules against exchange rate manipulation that are subject to the same dispute settlement procedures and remedies as other enforceable obligations under the agreement and are consistent with existing principles and agreements of the International Monetary Fund and the World Trade Organization. Nothing in the previous sentence shall be construed to restrict the exercise of domestic monetary policy.